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Graduation gift of $5,000 average 2.5% interest. 3. what will the total value be after 10 years simple interest?

Graduation gift of $5,000 average 2.5% interest. 3. what will the total value be after 10 years simple interest?
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1 vote
Graduation gift of $5,000 average 2.5% interest. 3. what will the total value be after 10 years simple interest?

asked
User Kyberias
by
8.8k points

1 Answer

5 votes
I = PRT
5000 x 0.025 x 10
= 1250
Total value = 5000 + 1250
= 6250
answered
User Mario Vernari
by
7.5k points
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